Conservative party grandee controls firm which charges interest at 75 percent APR
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A premier Conservative Party funder is revealed today while the guy behind certainly one of BritainвЂ™s biggest high-cost lenders.
Financier Henry Angest вЂ“ a buddy associated with Camerons and a former Tory Treasurer вЂ“ offered the Conservatives a ВЈ5m overdraft facility fleetingly prior to the final General Election at a appealing rate of interest of simply 3.5 %.
The credit that is high-cost Mr Angest controls, Everyday Loans, charges members regarding the general public interest at a typical 74.8 per cent APR.
The news вЂ“ uncovered after analysis of accounts by the Bureau of Investigative Journalism вЂ“ will show embarrassing when it comes to Conservatives, as Mr Angest becomes the 2nd high-profile Tory donor making money through the growing credit industry that is high-cost.